Available in Arizona, Colorado, Nevada, New Mexico and Texas.
For established small business owners (2+ years) who are looking to grow their business, we offer Elevate Loans from $20,000 to $100,000. Get a loan from a lender that wants your business to succeed just as much as you do. Our Elevate Loans offers a larger boost to support your growth plans with fewer underwriting requirements. This loan can be used for property improvements, business expansion, equipment purchase, working capital, and more.
To qualify for a business term loan you must:
- Be at least 18 years of age
- Have a credit score of 650 or higher
- Annual revenues to exceed $120,000 annually
- Business must be at least two years old with two or more employees
- Cash flow to support monthly payments
- Proof of income may be required
- Be current on your mortgage and vehicle payments
- Collateral is required
- Not have any active bankruptcies or foreclosures in the past 12 months
- Additional criteria may apply
If you don’t meet these basic requirements, we encourage you to check back after you’ve had a chance to strengthen your application. Or, if you have any questions, contact us at (800) 508-7624.
Accion is an award winning nonprofit organization dedicated to providing the tools entrepreneurs need to operate, grow or start their business. We pride ourselves on creating a community of support that not only increases access to business credit and makes loans, but also provides training to help entrepreneurs realize their dreams. Through consultations, loan closings and site-visits Accion’s team equips entrepreneurs with the knowledge, tools and confidence to build a strong business platform for a more secure future.